Closing Bell: Sensex, Nifty settle the day flat, Maruti Suzuki shares up 3%

The benchmark BSE Sensex closed flat on Tuesday, in spite of losses were capped as some auto majors rallied after posting rise in April sales. The BSE Sensex closed higher by 2.78 points, or 0.01%, to 29,921.18, while the NSE Nifty closed 9.75 points, or 0.10%, to 9,313.80.

Ambuja Cements Ltd fell about 4.21%. Shares of most Indian auto makers, rose after they reported a jump in April vehicle sales on Monday. Maruti Suzuki Ltd gained 3% to a record high of Rs. 6,730, while Eicher Motors Ltd rose 2.61% to a record high of Rs. 26,747.90.

Oil refiners also rose on account of hikes in petrol and diesel prices. Bharat Petroleum Corporation gained 2.75%, Hindustan Petroleum Corp. advanced about 2.40%, and Indian Oil Corp. climbed nearly 1.87%.

The Bank stocks were on focus at the exchanges in the morning hours wherein Federal Bank was the splendor performer touching an intraday high of Rs 115.3 per share, up by 7.3 percent.

 

Sensex down 103 points, Nifty 9.70% lower as investors book profits

The key indices settled April F&O expiry lower, in a choppy session as investors take a sigh after hitting record highs the previous day and booked profits.  The BSE Sensex was down 103.61 points at 30,029.74, while the NSE  Nifty-50 was down 9.70 points at 9,342.15. In the broader market, the  BSE Mid-cap index gained 0.07%,  on the other hand, the BSE Small-cap index ended 0.02% lower.
Global markets also eased as a long-anticipated US tax cut plan announced by U.S. President Donald Trump on Wednesday failed to motivate investors. Street also watchful to hear from European Central Bank meet.
Bank of India stocks was locked today at its upper circuit of Rs 179.55 and continued to trade on its new 52-week high value at Rs. 185.70. 
Maruti Suzuki fell 0.74% to Rs 6,360 after net profit rose 15.8% to Rs 1,709 crore on 20.3% rise in net sales to Rs. 18,005.20 crore in fourth quarter March 2017 over fourth quarter March 2016.
Infosys Ltd, Tata Motors, Cipla and Wipro gained the most on BSE Sensex,  whereas Tata Steel, Lupin, ITC and Axis Bank shed the most on the index.

Sensex touch above 30,000 mark for the first time ever; Nifty scales 9351

The benchmark Sensex, which was fighting to touch 30,000 mark has finally crossed above 30,000 mark and come out  to be well placed above 30,100 level. The BSE Sensex closed at 30,133.35 higher by 190.11 points. NSE  Nifty closed higher for the third consecutive trading session at 9351.85 up by 45.25 points.
HDFC Bank led the market rally, while  IT stocks remained under stress all through  day. Tech Mahindra was the biggest laggard  going down by 2.9% at Rs 425.45 per share. The IPO of S Chand got subscribed by 24% on its initial day of subscription. MRF Ltd closed higher by Rs 2,573.4 per share or 3.87% at Rs 69,018 per share.
The Bank Nifty index touched the fresh 52-week high of 22,276 level up by 222 points. PNB was the well focusing among the banking stocks, which closed higher by 3.66 percent  at Rs 167 per share. 
The rupee touched its 20-months high of 63.93 per dollar. European exchanges opened a bit  lower on today as investors focused on earnings, monetary policy and a tax announcement in the US.